Nearly half a million dollars to benefit local non-profits, scholarships, and basketball program.
Grants Pass, Ore., November 27, 2018— The Four Way Community Foundation has recently received three significant bequests to add to its corpus of $7.6 million dollars, the proceeds of which are used to benefit local nonprofit organizations and students through grants and scholarships.
Long-time Grants Pass resident Jack Brownell’s designated gift of over $106,000 was received after the passing of his wife Lucille. Brownell’s gift was left as a percentage of the remainder of his estate, and was given to the unrestricted grants fund.
Ann Bauer this year presented The Four Way Foundation with a gift of a piece of property in Rogue River. The property recently sold for nearly $100,000. Those proceeds will increase the amount of grants Four Way makes to nonprofits in Josephine and western Jackson Counties.
Louis Schultz, for whom Four Way named its annual community service award, passed away in 2004. A recently activated directive in his will created the Schultz Memorial Fund, of $242,500. The fund proceeds are designated specifically for the benefit of the summer basketball program at Grants Pass High School, so that more students may be able to attend.
“The ability to make directed gifts like these is one of the things that makes the Four Way Foundation such an important vehicle for local donors,” stated Board President Steve Swearingen. “Within reason, Four Way will work with donors to designate interest income from a bequest to the local cause of their choice.”
The Four Way Community Foundation welcomes donations large and small at PO Box 652, Grants Pass Oregon, 97528. Nonprofits seeking grants are advised that the grant application window will open February 1, 2019. Applications may be found at fourwaycommunityfoundation.org.